Davis Polk Advises Morgan Stanley on Its $2 Billion Offering of Fixed-to-Floating Rate Senior Notes Based on Secured Overnight Financing Rate
March 26, 2020
March 26, 2020
NEW YORK, March 26 -- Davis Polk and Wardwell, a law firm, issued the following news:
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $2 billion aggregate principal amount of fixed-to-floating rate senior notes due 2051. During the floating interest rate period, the notes bear interest by reference to the secured overnight financing rate, compounded daily over each quarterly interest payment period.
The Davis Polk corporate tea . . .
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $2 billion aggregate principal amount of fixed-to-floating rate senior notes due 2051. During the floating interest rate period, the notes bear interest by reference to the secured overnight financing rate, compounded daily over each quarterly interest payment period.
The Davis Polk corporate tea . . .